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Treasury Consultant



Accounting & Finance
Springfield, MA, USA
Posted on Saturday, December 30, 2023

Treasury Consultant

Springfield, Massachusetts Finance & Accounting Job ID R14898

Cash Management Consultant

Cash Operations, Controllers, Finance

Full-Time, Hybrid, MA - Springfield - 1295 State St

The Opportunity

As a Cash Management Consultant you will be responsible for the management of MassMutual’s banking relationships, including contract management, annual reviews, regulatory/compliance requests, risk management, and daily operational performance. You will have significant interaction and partnership with the business payment functions in the MassMutual investment and insurance operations business units as well as with the Corporate Treasury team within Finance. You will partner with the various business units to support daily operations and implement new technological solutions that will facilitate cash management, collections, payments and streamline the processing of transactional cash movement. You will be responsible for the successful coordination, planning and execution of cash management initiatives in Finance, including the implementation of a treasury management system, bank account analysis, fees management, and reporting. You will report to the Head of Cash Management.

The Team

The Controllers Organization is comprised of highly skilled, collaborative problem solvers who are using innovative finance tools to move MassMutual – and the industry – forward. Team members demonstrate high levels of competence in the areas of accountability, agility, leadership and are focused on development. The team culture is collaborative, cross-functional, and uses old and new technologies combined with a focus on work/life balance.

The Impact:

The Cash Management Consultant will be responsible for, but not limited to the following:

  • Regularly meet with bank representatives, cultivate relationships and provide regular and timely feedback about the services and products
  • Review and evaluate bank services and pricing including developing and maintaining scorecards
  • Perform monthly bank fee and services analysis including reporting and metrics
  • Complete bank documentation and service agreements
  • Manage financial risk and operational performance of bank relationships and the respective software (including company Supplier Relationship Management responsibilities, Risk Committee Meetings)
  • Coordinate with Treasury and Investment to ensure optimization of banking structures and cash flow to support business (including evolving payment methods and data analysis)
  • Support lines of business with the setup and management of their payment systems, including cash flow analysis and process design (Payment method consultation, bank structure, system interfaces from admin system to bank)
  • Open new bank accounts and integrate into Company ecosystem (general ledger, cash position, bank rec, etc)
  • Serves as Subject Matter Expert for banking questions and payment methods
  • Review, interpret, implement new bank rules and regulations
  • Establish and enhance governance and internal control procedures and maintain and consistently improve upon a strong control environment
  • Serve as the Security Administrator for various on-line banking platforms

The Minimum Qualifications

  • BS in business, economics, accounting or finance
  • 5+ years of relevant cash management/finance experience

The Ideal Qualifications

  • MBA or equivalent preferred
  • CTP preferred
  • 8+ years of progressive cash management experience
  • Experience working with a Treasury Management System
  • Cash Flow and bank balance analysis and optimization
  • Ability to work with all levels of personnel, from staff to executive management
  • Strong computer aptitude, which includes expertise with Microsoft Excel and Word
  • Strong analytical and problem-solving abilities
  • Strong attention to customer service and quality results
  • Ability to build relationships and collaborate on improvements
  • Ability to monitor key controls to mitigate risk
  • Experience with bank relationships and offerings as well as various banking operations best practices, tools and technology
  • Previous experience opening and operationalizing bank accounts

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Cash Operations Team
  • Focused one-on-one meetings with your manager
  • Access to mentorship opportunities
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits


MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Salary Range: $102,500.00-$134,500.00 Apply